Common Contingencies When Buying a Home

A buyer typically must make an earnest money deposit (EMD) when making an offer on a home. The seller can claim this money if the buyer backs out of the deal without complying various contingencies.
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The 4 most commonly known contingencies are:
1) Inspection Contingency
2) Appraisal Contingency
3) Loan Contingency
4) Home Sale Contingency
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Knowing how to use each contingency is critical to getting an offer accepted and protecting the buyer if the inspection, loan, or appraisal does not go according to plan.
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Contact us for all your Bakersfield real estate needs, including a free home valuation or current home listings.
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Contact Bart Tipton for more information.
Prestige Properties/Miramar International
Call: 661-706-9401
Visit: https://myprestigeproperties.com
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